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Low Rate Loans

Why you should be interested in interest

Low rate loans mean different things to different people, especially lenders. The bank might think 10% APR is a low rate, but when other lenders are offering 6.7% you'd be mad not to shop around. Even with smallish loans, a few percent more means shelling out an awful lot of cash in interest payments.

Low rate loans are not created equally: slight differences in the Annual Percentage Rate (APR) can make a big difference to the cost of your loan. One lender's idea of low rate loans could be significantly more expensive than others: for example we've seen loans with APRs of 12% described as low rate loans when, without much effort, you can uncover stacks of lenders offering loans with APRs of half that amount.
When you're shopping for a loan it makes sense to get the lowest APR you can, but make sure you're comparing like with like: if interest rates go up during your loan period, you might be grateful that you went for a fixed APR of 6.8% instead of a tracker APR, which goes up if interest rates go up. Of course the reverse also applies: if you're stuck with a fixed APR and interest rates go down, you'll be inventing new and interesting swear words. helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.

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